A. There is levied and shall be collected a use tax of six percent on the processing, storage, consumption or other use of property within the city if such property has not been the subject of a transaction otherwise taxable under this chapter. The tax shall be levied and collected in an amount equal to six percent of the value of the property used.
B. A credit shall be allowed against the tax imposed by this section in an amount that the present user, the user's agent, bailor or donor has paid a sales tax with respect to such property in any other state or political subdivision prior to the use of the property in the city. The person who processes, stores, consumes or otherwise uses the property subject to taxation under this section is liable for the payment of the tax to the city, and shall file a return, obtain a certificate of registration, and remit the taxes due in the same manner and subject to the same requirements for reporting, payment, interest, penalties, inspection of records, enforcement, administration and other applicable provisions of this chapter as are set out for the taxation of sales. The State of Alaska fisheries business license tax (AS 43.75) shall not be considered a tax for purposes of establishing an entitlement to a credit under this section.
(Ord. 88-11 § 7, 1988; Ord. 89-02 § 18, 1989; Ord. 98-08 § 2, 1998; Ord. 2003-02 § 2, 2003; Ord. 14-06 § 2, 2014)